Band of Angels

Band of Angels is a prominent venture capital firm founded in 1994 and based in Menlo Park, California. Specializing in seed and early-stage investments, the firm focuses exclusively on high technology startups, particularly in sectors such as internet, web services, life sciences, biotechnology, software, energy, communications, and networking. It primarily targets companies located in Silicon Valley, although it may also consider opportunities in Louisiana, San Diego, and Northern California. The firm typically invests between $300,000 and $750,000, often leading syndications that can reach up to $1.5 million, while aiming to acquire a one-third ownership stake for a $1 million investment. Band of Angels comprises over 130 former and current high-tech executives, who have collectively funded more than 250 startups, resulting in over 50 profitable mergers and acquisitions and nine IPOs. The firm emphasizes local investments and generally does not review non-local deals.